Start a trust fund for your child
If you have children and this pandemic has had you thinking about how turbulent the world might be for them and how you’d like to protect them and set them up financially, you could open a trust fund for them. If they are young, $1,200 can grow a lot by the time they’re adults. And you can contribute a bit more each year. It may be better than starting a Go Fund Me once college comes around, as some parents do.